Adani Stocks Surge Up To 61% In 3 Months; Analysts Bullish On Adani Ports

Adani Group stocks have seen significant buying interest over the past 3 months, driven by future projects and brokerage upgrades

Adani Group conglomerate equities have achieved significant financial gains over the past three months. Flagship entities Adani Enterprises Limited (AEL), Adani Power Limited, and Adani Ports and Special Economic Zone Limited (APSEZ) have seen sharp price gains of 61.09%, 49.20%, and 30.59%, respectively.

Positive sentiment further intensified during the company’s high-stakes Annual General Meeting on Wednesday, June 24, 2026. Group Chairman Gautam Adani announced a landmark diversification plan with a target of building 10 gigawatts (GW) of nuclear energy capacity by 2035. This strategy positions the group to deliver a fully integrated power infrastructure model encompassing thermal, gas, hydro, and green energy verticals.

Global financial institutions have responded well to these strategic corporate milestones. Morgan Stanley recently initiated coverage on AEL with an “overweight” rating, setting an initial price target of ₹3,638 per share. Under an optimistic bull-case framework, the financial firm suggests that effective execution in the new incubator setup could boost the valuation to ₹4,497 per share.

Also, global credit agency S&P Global Ratings upgraded APSEZ’s long-term issuer investment classification to investment-grade “BBB” from its previous “BBB-” standing. Analysts attributed this upgrade to strong cash reserves, low financial leverage, and a balanced net-debt-to-EBITDA ratio, which is expected to remain stable at around 2.6 times. Typical technical targets indicated by research institutions for these rallying counters include:

From a technical perspective, market experts view AEL’s structural behavior as highly bullish, given that the stock remains well above its 20-, 50-, 100-, and 200-day exponential moving averages (EMA). Financial advisors say that if the security breaks out and the value remains above the ₹3,060 threshold, new long positions can be safely initiated.

Meanwhile, Adani Power continues its consolidation phase, with prices recently holding steady around ₹230 after several weeks of rally. Morgan Stanley has updated its model for the utility vendor, significantly raising its estimated valuation to ₹275 from the previous ₹173 target. This adjustment reflects a 23% compound annual growth rate in operating profit from fiscal year 2026 to 2032.

On the logistics front, APSEZ demonstrated significant fundamental growth, handling over 500 million tons of operational cargo in the last fiscal calendar. The transport network aims to expand this capacity to 1 billion tons by 2030, leveraging new maritime collaborations and a European subsea engineering venture.

Technical analysts suggest that if APSEZ manages a decisive daily close above its immediate resistance of ₹1,849, it could have a clear path towards the ₹1,990 milestone. Across the group, consistent institutional block trades and consistent infrastructure execution continue to strengthen retail investor confidence.